Jitney

Jitney

1. An illegal act in which two or more investorsbuy and sell the same security at pre-arranged, agreed-upon prices. This directly results in neither profit nor loss for the investor, but creates the impression that the security is undergoing heavy trading, which could drive up the price or generate unwarranted interest.

In many places in America, it is politically incorrect to build a church in a residential neighborhood, to own a pistol, to have oral sex in your own bedroom, to carry paying passengers in an unlicensed jitney, to braid hair for money, to cut down a tree in your own backyard.

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